Equities analysts forecast that Williams Companies Inc (NYSE:WMB) will announce earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Williams Companies’ earnings, with estimates ranging from $0.14 to $0.27. Williams Companies reported earnings of $0.17 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 23.5%. The firm is expected to report its next quarterly earnings report on Wednesday, February 21st.
On average, analysts expect that Williams Companies will report full-year earnings of $0.84 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.69 to $1.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Williams Companies.
Williams Companies (NYSE:WMB) last issued its quarterly earnings results on Wednesday, November 1st. The pipeline company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.79 billion. Williams Companies had a return on equity of 3.23% and a net margin of 5.90%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS.
A number of equities analysts have commented on the stock. Wolfe Research assumed coverage on shares of Williams Companies in a report on Monday, September 25th. They issued an “outperform” rating and a $34.00 price objective for the company. BidaskClub raised shares of Williams Companies from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, October 16th. Finally, Morgan Stanley decreased their price objective on shares of Williams Companies from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Four investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $33.83.
In related news, CEO Alan S. Armstrong acquired 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $27.23 per share, for a total transaction of $163,380.00. Following the completion of the purchase, the chief executive officer now directly owns 345,527 shares in the company, valued at $9,408,700.21. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Donald R. Chappel sold 272,088 shares of the business’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $30.32, for a total transaction of $8,249,708.16. Following the completion of the sale, the insider now owns 60,032 shares in the company, valued at $1,820,170.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,501 shares of company stock valued at $8,590,124. Corporate insiders own 0.53% of the company’s stock.
A number of institutional investors have recently modified their holdings of WMB. Capital International Investors raised its position in Williams Companies by 1,660.2% in the second quarter. Capital International Investors now owns 7,384,300 shares of the pipeline company’s stock worth $223,597,000 after acquiring an additional 6,964,791 shares in the last quarter. BlackRock Inc. raised its position in Williams Companies by 9.9% in the second quarter. BlackRock Inc. now owns 64,872,653 shares of the pipeline company’s stock worth $1,964,347,000 after acquiring an additional 5,850,607 shares in the last quarter. Janus Henderson Group PLC raised its position in Williams Companies by 4,652.7% in the second quarter. Janus Henderson Group PLC now owns 4,822,264 shares of the pipeline company’s stock worth $146,019,000 after acquiring an additional 4,720,801 shares in the last quarter. Vanguard Group Inc. raised its position in Williams Companies by 4.4% in the second quarter. Vanguard Group Inc. now owns 64,062,726 shares of the pipeline company’s stock worth $1,939,819,000 after acquiring an additional 2,671,905 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Williams Companies by 47.1% in the second quarter. Ameriprise Financial Inc. now owns 6,174,675 shares of the pipeline company’s stock worth $186,965,000 after acquiring an additional 1,978,314 shares in the last quarter. Hedge funds and other institutional investors own 84.77% of the company’s stock.
Williams Companies (NYSE WMB) opened at $30.05 on Thursday. The company has a market cap of $24,852.00, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 3.33 and a beta of 1.37. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 1.38. Williams Companies has a 1-year low of $26.82 and a 1-year high of $32.69.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Thursday, December 7th. Williams Companies’s dividend payout ratio (DPR) is 210.53%.
Williams Companies Company Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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